Strategic Equity Capital Share Discussion Threads

[edwardt] 24/10/2013 17:11

discount under 8, no need to tender - oh how markets change once something has gone up! still talking to myself here which is normally a bullish sign ...

[edwardt] 21/10/2013 15:19

nice to see the fund manager eating his own cooking.

[edwardt] 14/10/2013 15:49

feel the squeeze higher as the share register is moved around...

[edwardt] 06/9/2013 16:03

damanko

i too once had an alfa - great fun! I hear you about timing but at least you stuck it out. i for one think i will hold simply as the underlying companies are still relatively cheap and are conservatively leveraged.

best edwardt

[damanko] 03/9/2013 22:29

So there I am.

Out.

Fancy an Alfa (once again) in my life, so SEC has gone.

edwardt - my selling price after costs realised 18% profit (£1.20), which I guess would take 30 odd years in the current economic climate - if the same amount of money was left in a bank.

Though any of the three and a half long term readers of this thread over the last few years might agree with me - this IT has not been a success for anyone buying 6 years or so ago at flotation. However, anyone brave enough to have bought it 4 years ago would now be sitting on a massive profit. Or an idiot like me who watched it drop so far without selling, but at least sat things out until life in this little trust improved. And - from the low point, they certainly improved.

Funny old world. My last post here (I won't even look at/for the share price in future - I'm funny like that).

Good luck to old and new holders - I hope things continue to go well.

damanko

[jaws6] 14/8/2013 13:28

yeap
Now new trades going at 118

[edwardt] 13/8/2013 13:58

hellp jaws - this one has turned itself into quite a performer. new owners should provide some stability and would want to tackle the nasty hedgies on share register by bringing the discount in - should be good news all round if that were to happen.

[jaws6] 13/8/2013 13:36

New high today ?

[damanko] 01/3/2013 23:06

ed - thanks for the tip. Though of course being (and realising that I am....) a bit of an idiot, I will now wait and see what happens. Despite recent general UK market trends, it has taken many months to get up to breakeven.

As you and I are perhaps the only holders of this IT in the world, no doubt we'll speak/write again in the near future.

So then, let's see £1.20 or so...............

On a more serious note, anyone who bought in 2009 or so will be very tempted to sell, and I include institutions, so volume over the coming days & months will show whether there is real confidence in the current management team.

Regards and what not

[edwardt] 01/3/2013 14:27

well domanko - decision time. you are at 100

[damanko] 06/11/2012 14:52

Hm.... as you say. However as noted before, I'll wait until my holding is showing a profit before deciding whether to continue holding, or sell. Am minded to get rid, if and when it happens - it'll have taken more than 5 years to climb above its issue price.

Only a smallish way to go now - unless another general market blip gets in the way.....

[edwardt] 06/11/2012 12:48

sell some shares at £1.02 and buy them back at 95 - appears a no brainer rodney

[damanko] 08/10/2012 17:42

You're not alone, but there aren't many of us around - that's for sure. I agree as far as recent(ish) performance this little trust will be seen as a star.

However having bought just after flotation, it has some way to go for me - to get back to the NAV I paid. Still, it is definitely heading in the right direction.

[edwardt] 08/10/2012 17:03

well i am alone here but somebody must agree with me...

[edwardt] 25/9/2012 09:29

starting to move nicely. great nav - stocks like lupus geared to recovery in US housing are helping performance.

[edwardt] 11/9/2012 16:57

i don't do predictions but with nav circa 111p, share price at 84, and a tender at 10 discount coming, this looks like a reasonable way to have equity exposure...

[edwardt] 10/9/2012 09:21

of course - would prefer a full exit at nav, but managers /board are as likely to vote for this as am i of winning the lottery.

[edwardt] 05/9/2012 10:51

great to see cg materially increasing their stake - no mugs given the tender coming up and nav at circa 107...

[edwardt] 08/5/2012 17:52

suspect a few will recycle proceeds of tender at 95ish back into the shares at 87p!

[damanko] 19/4/2012 13:25

Tender documents arrived, offering to buy 4% of holdings at NAV minus 10%. Am minded to ignore it, perhaps the prospect of a yearly event like this will drive the share price up in any case (as it has with other IT's).

And for the paltry amount the trust is buying back, it doesn't seem worth it.

[edwardt] 05/3/2012 17:30

nice uptick in nav

[edwardt] 14/2/2012 16:24

jsut shows timing is everything.

[damanko] 08/2/2012 15:41

Yes windass, a glowing report / analysis. However a little disingenuous, in my opinion. Given that Strategic Equity Capital floated at £1.00 per share nearly seven years ago, in fact it has lost original shareholders 19% over that time on a pure capital basis. With no income to speak of.

This is before taking into account inflation over that period.

I continue to hold, but reports like the one you posted make me laugh (not your fault at all - in fact its a good find, thanks for posting it) - in that by using selective (historic) periods for illustrating investment returns it can be made to appear one of the very best smaller companies investment trusts on the market.

If only.

My initial several thousand pound investment in what I thought was a promising flotation turned into a few hundred pounds within three years.

The fact is that in 2008 SEC dropped like a stone weighted with lead, and so the only way forward from there has been up.

[windass] 08/2/2012 13:02

Very interesting and informative report from UK-Analyst